Flossbach Von Storch SE Takes Position in Navitas Semiconductor Corporation $NVTS

Flossbach Von Storch SE bought a new position in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) in the 2nd quarter, Holdings Channel reports. The fund bought 386,030 shares of the company’s stock, valued at approximately $184,356,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. American Century Companies Inc. raised its stake in Navitas Semiconductor by 104.8% during the 2nd quarter. American Century Companies Inc. now owns 241,450 shares of the company’s stock valued at $1,581,000 after acquiring an additional 123,577 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of Navitas Semiconductor in the second quarter valued at approximately $120,000. New York State Common Retirement Fund raised its stake in shares of Navitas Semiconductor by 102.7% during the second quarter. New York State Common Retirement Fund now owns 40,255 shares of the company’s stock worth $264,000 after purchasing an additional 20,400 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Navitas Semiconductor by 75.2% during the second quarter. Invesco Ltd. now owns 3,206,008 shares of the company’s stock worth $20,999,000 after purchasing an additional 1,376,205 shares during the period. Finally, Baird Financial Group Inc. grew its position in Navitas Semiconductor by 2,514.3% in the 2nd quarter. Baird Financial Group Inc. now owns 419,237 shares of the company’s stock valued at $2,746,000 after buying an additional 403,201 shares during the last quarter. Hedge funds and other institutional investors own 46.14% of the company’s stock.

Navitas Semiconductor Stock Performance

Shares of NASDAQ NVTS opened at $12.83 on Thursday. Navitas Semiconductor Corporation has a one year low of $5.44 and a one year high of $34.17. The firm has a market capitalization of $3.35 billion, a P/E ratio of -9.65 and a beta of 3.86. The company’s fifty day moving average is $15.18 and its two-hundred day moving average is $14.48.

Navitas Semiconductor (NASDAQ:NVTS) last announced its quarterly earnings data on Monday, July 27th. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The firm had revenue of $10.53 million during the quarter, compared to analysts’ expectations of $9.97 million. Navitas Semiconductor had a negative net margin of 856.85% and a negative return on equity of 13.13%. The business’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.25) earnings per share. On average, sell-side analysts forecast that Navitas Semiconductor Corporation will post -0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Jefferies Financial Group set a $13.00 target price on shares of Navitas Semiconductor in a report on Tuesday, July 28th. Morgan Stanley restated an “underweight” rating and issued a $12.60 price objective on shares of Navitas Semiconductor in a research report on Tuesday, July 28th. Wall Street Zen raised Navitas Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Rosenblatt Securities reiterated a “neutral” rating and set a $13.00 target price on shares of Navitas Semiconductor in a research report on Tuesday, July 28th. Finally, Weiss Ratings raised Navitas Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.92.

Insider Activity at Navitas Semiconductor

In other Navitas Semiconductor news, Director Ranbir Singh sold 3,060,118 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $29.29, for a total value of $89,630,856.22. Following the completion of the transaction, the director directly owned 15,607,533 shares of the company’s stock, valued at approximately $457,144,641.57. This trade represents a 16.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard J. Hendrix sold 110,165 shares of Navitas Semiconductor stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $28.96, for a total transaction of $3,190,378.40. Following the sale, the director owned 101,709 shares of the company’s stock, valued at approximately $2,945,492.64. The trade was a 52.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 3,989,478 shares of company stock valued at $116,356,387. 12.40% of the stock is currently owned by corporate insiders.

About Navitas Semiconductor

Navitas Semiconductor is a fabless semiconductor company specialized in gallium nitride (GaN) power integrated circuits. The company’s core mission centers on delivering high-efficiency, high-power-density power solutions that address the needs of modern electronic devices, ranging from fast chargers for consumer electronics to industrial and automotive power systems.

Navitas offers a portfolio of GaNFast power ICs designed to replace traditional silicon-based power components. These products integrate GaN transistors, drivers and protection features into single-chip solutions, enabling faster charging, reduced energy loss and smaller power supply footprints.